📢Good news! Odaily Planet Daily reported that Fox Business reporter Eleanor Terrett quoted Judge Jackson as saying that the nature of tokens can evolve over time, and even if a token is initially a security, it does not mean that it will always remain a security. 😮
This may be the first judge to formally mention this matter. He insisted that the asset that is the subject of the so-called investment contract is itself a "security" because it moves forward in business and can be bought and sold by individuals on any number of exchanges and used in any way for an indefinite period of time. 🔄
This marks a departure from the Howey framework, which is out of the scope of the court's ruling. The industry and future buyers and sellers do not have a clear principle to distinguish whether tokens on the market are securities or non-securities. 🔍
This is undoubtedly good news for cryptocurrencies such as Bitcoin, because it may mean that the regulation of cryptocurrencies will be more flexible and open. 🎉 Let us look forward to future developments together!